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Shree HarmonyRedevelopment Homes

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Stage
Approvals · Stage 6 of 8
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Last update
30 Aug 2026

Your redevelopment money

My money

A simple fictional member-money dashboard showing the commercial package, how transit rent is calculated, and which items are not yet payable.

  • NOT YET DUE
  • COMMERCIAL TERMS RECORDED
  • PAAA wording under review

Need to know

Status
Not yet due
What it means
Commercial terms are recorded, but the payment trigger has not been reached.
Your action
Review final PAAA terms before handover.

The full record, supporting detail and evidence remain available below.

Illustrative monthly transit rent

₹70,380

612 sq ft × ₹115 per sq ft. This is a demo calculation, not a real member entitlement.

  • Transit rent rate

    ₹115 / sq ft / month

    Existing verified carpet area

    RECORDED TERM

  • Rent escalation

    8% after every 12 months

    Applied only according to final binding wording

    RECORDED TERM

  • Rent period

    Until valid possession of the new flat

    Starts after formal vacating and handover

    PAAA WORDING

  • PDC coverage

    24 months proposed

    Cheque coverage is payment protection, not a rent end date

    PROPOSED

  • Shifting support

    ₹40,000 one-time support

    Fictional relocation support amount

    RECORDED TERM

  • Hardship compensation

    ₹1,250 / sq ft of existing carpet area

    Calculated using the existing-area basis

    RECORDED TERM

  • Member corpus

    ₹3,50,000 member corpus

    Separate from monthly transit rent

    RECORDED TERM

  • Brokerage support

    Up to 15 days of rent

    Subject to final member documentation

    AWAITING WORDING

  • Legal/document status

    Member-specific PAAA wording under review

    Commercial figures and legal wording are tracked separately

    UNDER REVIEW

How the portal protects members

The dashboard separates money figures from payment timing and from legal-document status.
Rent calculation basis
612 sq ft × ₹115 = ₹70,380 / month
First escalation
8% after the first completed 12-month period, if the final binding wording confirms it
Payment status today
NOT YET DUE
Member agreement status
Member-specific PAAA wording under review

Rent ledger

What has been paid, what is due and where each post-dated cheque stands for flat B-07.

Sample data for Shree Harmony, a fictional society. Not a real record.

  • Paid to date

    ₹0

    No transit rent has been paid yet

  • Due now

    ₹0

    Rent starts only after you formally vacate

  • Post-dated cheques received

    0 of 24

    Proposed cover: 24 months proposed

Rent ledger for flat B-07: paid, due and cheque status
MonthsRent per monthPaidStatusCheque status
Months 1–12₹70,380₹0Not yet due — starts after vacatingPDC not yet received
Months 13–24₹76,010₹0Not yet due — starts after vacatingPDC not yet received

Sample ledger. Month 1 is the first month after you formally vacate and hand over the flat. Rent = 612 sq ft × ₹115 per sq ft, rounded to the nearest rupee. Nothing is payable today.

Escalation calendar

How the monthly rent steps up after each 12 months, counted from the month after you vacate.

Both recorded wordings

Rent escalation
8% after every 12 months
First escalation
8% after the first completed 12-month period, if the final binding wording confirms it
Escalation calendar: monthly transit rent by month range
MonthsRent per monthChange
Months 1–12₹70,380Base rent
Months 13–24₹76,010+8% on months 1–12
After month 24Per final wordingThe final binding PAAA wording decides any further step

Both wordings give the same figures for months 1–24. What happens after month 24 depends on the final binding PAAA wording. Illustration only — not a payment schedule and not a forecast of any date.

Tax: a plain-English explainer

General information about the money in your package. Not tax advice.

  • Transit rent

    What it is
    Monthly money from the developer so that you can rent another home while the building is rebuilt. Recorded rate: ₹115 / sq ft / month.
    Why tax may matter
    Money you receive every month can matter for your yearly income-tax return. Whether, how and in which year it counts depends on the law and on your own case.

    Questions to ask your CA

    • Do I need to show transit rent in my return, and how?
    • Does the rent I pay for my temporary home make a difference?
    • Will any tax be deducted before the money reaches me, and how do I check that?

  • Member corpus

    What it is
    A one-time lump sum, separate from the monthly rent. Recorded amount: ₹3,50,000 member corpus.
    Why tax may matter
    A lump sum linked to your flat may be treated differently from monthly money, including when you later sell the new flat.

    Questions to ask your CA

    • How should the corpus be shown, and in which year?
    • Does it change anything if I sell the new flat later?
    • Which papers should I keep as proof?

  • Hardship compensation

    What it is
    One-time compensation calculated on your existing carpet area. Recorded rate: ₹1,250 / sq ft of existing carpet area.
    Why tax may matter
    Compensation can be treated differently from rent or corpus, depending on what it is paid for and how the final agreement words it.

    Questions to ask your CA

    • Is hardship compensation treated like the corpus or differently?
    • Does the wording in my final PAAA change how it is treated?
    • Should my family members who co-own the flat show anything?

Papers to keep for your CA

  • Your final PAAA and its money schedule
  • A record of every cheque or bank transfer, once payments start
  • Any tax-deduction certificate the developer gives you
  • This rent ledger, once payments begin

Ask Nirmaan